₦airaland Forum

Best buyer

GonFreecss1:
Been telling people about this... but noooo... people think Tbills are so safe and sweet they have forgotten about the implications of inflation. They want better rates, but they don't know the implications. If hyperinflation should catch up with us, most of you will wish you already had something as Volatile and criticized as Bitcoin or cryptocurrencies.

The higher the return on our Tbill rates that means the more risky it is to have anything to do with this country, especially our naira or bonds etc. There is a reason Tbill rates in America is 1-3%, and that of Nigeria is between 12-18%, some of you all think you are flexing. Pray it doesn't start to get higher than that as it only means our naira is becoming more useless and our country risky to invest in.

You're saying your own here.. Either you like it or not, I'll still invest.. It's still better than having the money lie down in the bank account..

Agbaletu:
We have many eggheads here. Well done guys! The argument is very healthy for our investment/savings.
Each time I see the money in my $ Dom account, it make me sad. Can't convert to Naira to buy Tbill. Bought at N400 and now it is N360. I have decided to forget it until something positive happens.

People like us don't pray some thing happens rather we are praying the naira strengthen against the dollar. Probably #300/$

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